Company registration number 04056292 (England and Wales)
HNA BARRY & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
HNA BARRY & SONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HNA BARRY & SONS LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
(50,000)
Tangible assets
3
(167,669)
(217,669)
Current assets
Stocks
688,068
875,788
Debtors
4
41,100
Cash at bank and in hand
33
729,201
875,788
Creditors: amounts falling due within one year
5
(33,077)
(111,995)
Net current assets
696,124
763,793
Net assets
696,124
546,124
Capital and reserves
Called up share capital
40,000
Revaluation reserve
6
596,124
Other reserves
(50,000)
Profit and loss reserves
656,124
Total equity
696,124
546,124
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 March 2024
Mr H Barry
Director
Company Registration No. 04056292
HNA BARRY & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information
HNA Barry & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Stanhopegate, London, United Kingdom, W1K 1AW.
1.1
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities ‑ The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3
Research and development
Research expenditure is written off against profits in the year in which it is incurred.
1.4
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases꞉
Freehold
No depreciation
1.5
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow‑moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work‑in‑progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
HNA BARRY & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022
(167,669)
Disposals
167,669
At 30 June 2023
Depreciation and impairment
At 1 July 2022 and 30 June 2023
Carrying amount
At 30 June 2023
At 30 June 2022
(167,669)
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
41,100
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
33,077
111,995
6
Revaluation reserve
2023
2022
£
£
At the beginning of the year
596,124
Other movements
(596,124)
596,124
At the end of the year
596,124